CoinGate, a Lithuanian fintech company, has integrated Shiba Inu (SHIB) with Polygon and Binance Smart Chain (BSC), boosting its usability. This allows SHIB holders to buy products from major brands like Nike and book services like Airbnb.
The payment gateway CoinGate bridges the gap between cryptocurrency and traditional finance, facilitating the use of digital assets for everyday purchases. By including SHIB tokens on these platforms, CoinGate increases accessibility and opens doors for SHIB holders to spend their coins directly.
"Shibarmy, use your SHIB to book Airbnb, grab the latest games from Steam & PS5, refresh your wardrobe with Nike & Zalando and more," CoinGate encouraged.
Furthermore, Shiba Inu is moving beyond its meme coin origins and expanding its transactional use cases. The launch of Shibarium, an Ethereum layer-2 scaling solution, marks a significant step towards improved blockchain efficiency.
This update includes a major hard fork completed earlier in May, which promises faster transactions and more stable gas fees, ultimately enhancing the user experience.
In April, the Shiba Inu team garnered significant attention by raising $12 million to develop a new layer-3 blockchain. This fundraising attracted notable investors like Polygon Ventures, Mechanism Capital, and Animoca Brands, highlighting the growing confidence in SHIB's potential.
Read more: Latest Shiba Inu Price Prediction
